LVMH, the billion dollar luxury goods groups owning Louis Vuitton, had announced that they will be buying the Christian Dior couture brand from the Christian Dior for an enterprise value of 6.5 billion euros. And if this seems like a lot, note that in dollars it is $7.1 billion.
LVMH says that the deal would boost its earnings-per-share within the first year of its completion. However, LVMH CEO Bernard Arnault said, “I’m not sure we’re going to buy 100 percent.”
Arnault hopes that this deal will given LVMH some liquidity, and that having Dior under his company’s belt will better the appeal of the brand (because apparently 15 high-end luxury clothing designers isn’t enough!)
Gosh, don’t we wish we can all shop in his closet?
Information gathered from: http://www.cnbc.com/2017/04/25/lvmh-arnault-to-simplify-christian-dior-business-structure.html